Ann: Voluntary Suspension, page-142

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Mrgtrades

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04/10/17

23:05

Post #: 27667377
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Originally posted by wogitalia ↑

I think this is a positive move but there are a couple of concerns for me that will hopefully be well addressed and put to rest.

1. The loss of escrow does hurt. Personally I think it's more than offset by the considerably better dilution factor but I'd be surprised if there isn't at least some dumping of the 22c shares straight away for a quick profit which will keep us anchored for a bit at least. Long term though the dilution is worth far more than the escrow, imo, and I will quite happily trade that escrow for the significant dilution reduction. Obviously if there is a dump it provides a nice opportunity to top up for those interested in the long term and with some powder in their keg!

2. The off-take needs to be confirmed as 100% still happening in this announcement or replaced with an equivalent or better agreement. I'm far more worried about that element than the funding, I think funding we can get elsewhere as proven but the off-take has long lasting value, hopefully we haven't burned this bridge and the indication is that we haven't, so fingers crossed. This is certainly the issue I worry about the most as the Chinese I've dealt with can be very prideful and I hope they will focus on the business element of it and not take it personally.

3. Sun Qi's board spot. It seems very unlikely as it was subject to completion of the share issue and involved options as well but I'm one of the people who thought his connections and involvement at a high level in China was one of the most significant parts of the QQ deal. Personally I'd love him to still have a non-executive position on the board if we're going ahead with the off-take agreement with QQ, perhaps could be used as a bit of a bridge mender to keep the off-take in place.

4. The other corporate actions. These intrigue me and will go a long way to deciding whether we open up, trend upward and can stave off the aforementioned dump in point 1 of cheap shares. Haven't seen any information leak out yet pertaining to what this is but it's obviously something significant to be included in the halt/suspension instead of being released separately, hopefully it's a significantly good part of the detail and not a spanner in the works. This aspect certainly has the potential to be a game changer if it's something big.

Overall, think management has shown great synchronization with shareholder interests with this move, they're driven, focused and committed to moving forward and staying on schedule and not diluting any more than is necessary to achieve that. I'm optimistic that none of the above will create any lasting or ongoing issues and think it helps make our future just that little bit brighter.

Hopefully we will have the announcement tomorrow and it will be a great one and can get back to focusing on the future and growing the company.

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Finally something worth reading after so much troll schrolling. Thank you, same thoughts here. I hope it would be a good day tomorrow.

AGY Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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